Ventive Hospitality Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

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Ventive Hospitality Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

December 20, 2024
Ventive Hospitality Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

Ventive Hospitality Ltd is coming out with a fresh public issue to raise Rs. 1600 crores from the market.

Below are the details of the Ventive Hospitality Ltd IPO:

  • Issue opens – December 20th (Friday)
  • Issue closes – December 24th (Tuesday)
  • Issue size – Rs. 1600 crores
  • Price band – Rs. 610 to Rs. 643 per equity share
  • Bid lot – 23 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Ventive Hospitality Limited is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of their hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere. Their pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and their post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
  • Their Portfolio comprises 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segments as at September 30, 2024. The Ritz-Carlton, Pune is one of only two “The Ritz-Carlton” hotels in India (Source: Horwath HTL Report), which is a luxury brand within the Marriott portfolio. JW Marriott, Pune is the largest luxury hotel based on the number of keys in Pune and is one of only eight luxury hotels in India with inventory of between 400 to 500 keys as at September 30, 2024. It has the largest ballroom among luxury hotels in Western India (Source: Horwath HTL Report), which is ideal for hosting large scale MICE events and weddings. They own three luxury hospitality assets in the Maldives, which has been ranked consistently as one of the best tourist island destinations globally (including World’s Leading Destination (2023) and Indian Ocean’s Leading Destination (2024) at the World Travel Awards) with its unique “one island, one resort” concept (Source: Horwath HTL Report).
  • Their hospitality assets command an ARR premium vis-à-vis their peers in India and Maldives, which they believe is a testament to their superior asset quality, contemporary offerings and customer experience. Their luxury and upper upscale hotels in Pune achieved an ARR index of 1.44 compared with other luxury and upper upscale hotels in Pune from January 2024 to September 2024 (Source: Horwath HTL Report). Similarly, the ARR index for Conrad, Maldives and Anantara, Maldives is 1.04 compared to the luxury and upper upscale segment in the Maldives from January 2024 to September 2024 (Source: Horwath HTL Report).

Issue Size : Rs. 1600 Cr.

Employee Reservation: Up to 16,313 equity shares amounting to Rs. 1 /- crore

Employee Discount: Rs. 30 / - per share

Issue break-up :

QIB - 75% of the net offer - Rs. 1199.25 Cr.
NIB - 15 % of the net offer - Rs. 239.85 Cr.
RET - 10% of the net offer - Rs. 159.90 Cr.

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, December 24, 2024.

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